Sold for: Sign-in or Join (free & quick)
includes Buyer's Premium (BP) 


    Elusive XF40 1849 Mormon Gold

    1849 $5 Mormon Five Dollar XF40 PCGS. K-2, R.5. The Mormon coinage was an important development in the history of private gold coinage, as related by Donald Kagin: "Of all the fascinating tales of pioneer numismatic history, few can compare with the Mormons and the development of their coinage. Under the guidance of one of the major leaders in American history, Brigham Young, the Mormons significantly influenced the entire history of the West. Among their numismatically related accomplishments was the discovery of gold at Sutter's Mill, the public announcement of that discovery and the subsequent promotion of the gold mining industry in California, the issuance of the first American $20 gold piece, and, finally, the introduction of an entirely new alphabet and its use on a coin."
    Despite widespread acceptance within the Mormon community, these "Valley Coins" were unpopular outside Utah. Contemporary assays, especially those conducted at the New Orleans and Philadelphia mints, showed that the value of these coins ranged from 10% to 20% below face value. The five dollar pieces, for example, were valued at about $4.30 each. These coins were made from native California gold, despite the inscription G.S.L.C.P.G. (Great Salt Lake City Pure Gold). Territorial bankers would only accept these coins at a 25% discount, and most were eventually melted. Today, all of these coins are rare, and the five dollar denomination is a bit more plentiful than the other denominations.
    This example, exhibiting light green-gold color, was struck on a defective planchet with a crack from the obverse at 2 o'clock to the center, crossing the three-pointed crown. This planchet crack can also be seen on the reverse. Both sides have minor hairlines and other small abrasions. Listed on page 361 of the 2007 Guide Book. (NGC ID# 2BCE, PCGS# 10262)

    Fees, Shipping, and Handling Description: Coin/Currency (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2007
    3rd-6th Wednesday-Saturday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 603

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 1 day left to consign to the 2017 April 4 - 6 US Coins Signature Auction - Dallas!

    Learn about consigning with us

    You have not just a fine firm but a collection of outstanding individuals whom we consider ourselves privileged to know and now consider friends. From me, and from my heart, I just say thank you for a great job of bringing my collecting life to a gratifying close.
    Eugene G.,
    Lancaster, PA
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 January 4 - 9 FUN  US Coins Signature Auction - Fort Lauderdale
    2017 January 4 - 9 FUN US Coins Signature Auction - Fort Lauderdale
    REALIZED $42,328,231
    2017 January 17 - 18 World Coins Signature Internet Auction - Dallas
    2017 January 17 - 18 World Coins Signature Internet Auction - Dallas
    REALIZED $2,414,465
    2017 January 5 - 9 FUN World Currency Signature Auction -
    2017 January 5 - 9 FUN World Currency Signature Auction -
    REALIZED $1,282,041